Assembly in the Schweinfurt factory The European plants are to be rearranged, small parts of the business to be sold. (Photo: Bloomberg) MunichThe pressure on the SchaefflerGroup comes from two sides: On the one hand, the automotive supplier like many competitors suffers from the weak economy in the automotive industry. Last year, the family-owned company… Continue reading Auto parts supplier: Schaeffler increases conversion speed and wants to delete 900 jobs
Author: Handelsblatt in German Online News
Schaeffler CEO Klaus Rosenfeld: “Five European locations are being put to the test”
Klaus Rosenfeld “We want to avoid redundancies due to operating conditions.” (Photo: AP) The industry is weakening, margins continue to crumble: the SchaefflerCorporation wants to accelerate its transformation with a new corporate program, In doing so, five plants in Europe will be put to the disposition. In addition, investments should be geared even more towards… Continue reading Schaeffler CEO Klaus Rosenfeld: “Five European locations are being put to the test”
Norwegian sovereign wealth fund: The world’s largest oil fund has halved its stake in Volkswagen
Stockholm, DusseldorfThe world’s largest oil fund out Norway has his stake in Volkswagen halved last year. As from the list published on Wednesday about all holdings of the world largest sovereign wealth fund shows this end of 2017 VWShares valued at eleven billion kroner (1.1 billion euros). At the end of last year, there were… Continue reading Norwegian sovereign wealth fund: The world’s largest oil fund has halved its stake in Volkswagen
Cooperation with Gaz: Why VW is on hold in Russia
Production at Gaz The Wolfsburg VW Group would like to expand its cooperation with the Russian truck partner Gaz. (Photo: Bloomberg / Getty Images) MoscowVW gets impatient: The car company is waiting for the end of negotiations between the US government and Representatives of the Russian oligarch Oleg Deripaska on the lifting of sanctions against… Continue reading Cooperation with Gaz: Why VW is on hold in Russia
Car manufacturer: VW announces shortages in Zwickau due to delivery bottlenecks
Production at Volkswagen in Zwickau Overall, Volkswagen employs around 8,000 people at the plant. (Photo: AP) ZwickauThe carmaker Volkswagen has registered short-time working for several hundred employees in Zwickau. Reason are supply bottlenecks at suppliers, stated VWSpokesman on Monday with request. This affects the production and thus the shift planning. Earlier, “Radio Zwickau” reported. According… Continue reading Car manufacturer: VW announces shortages in Zwickau due to delivery bottlenecks
Geneva Motor Show: These are the novelties of Geneva – from A like Aston Martin to V like Volkswagen
CologneWith the Geneva Motor Show, the car year 2019 starts. This year, there are new small cars with bestseller potential, numerous model lifts and exciting studies to see. Visitors will have to go in vain for Ford brand cars, Hyundai. Opel and Volvo search – these manufacturers refrain this year to visit Geneva. An overview.… Continue reading Geneva Motor Show: These are the novelties of Geneva – from A like Aston Martin to V like Volkswagen
Car manufacturer: BMW pays 8.5 million euros fine in the diesel scandal
BMW The car maker comes in the diesel scandal with a fine. (Photo: AP) DusseldorfBMW must because of misconduct in the diesel scandal pay a fine of 8.5 million euros. As the public prosecutor informed Munich on Monday, the authority issued the penalty notice for an administrative offense of negligent breach of duty. BMW have… Continue reading Car manufacturer: BMW pays 8.5 million euros fine in the diesel scandal
Comment: VW should accommodate German diesel customers
Volkswagen logo The Group would benefit from a new relationship of trust between German customers. (Photo: AP) It is a huge number: a good 28 billion euros has the Volkswagen Group now have to cover the diesel affair. Other companies would have been in deep crisis in the face of such a burden. But it… Continue reading Comment: VW should accommodate German diesel customers
Car manufacturer: Volkswagen shines with billions in profits – but has new construction sites
Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgEmpassed corporations from the automotive industry have in recent months attracted attention with negative headlines, Profit warnings at Daimler and BMWbut also with large suppliers like Continental worried the financial markets. Volkswagen is a different story: after a stable financial year,… Continue reading Car manufacturer: Volkswagen shines with billions in profits – but has new construction sites
Car maker: Volkswagen beats better than its competitors – profit and dividend rise
Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgDer Volkswagen Group has increased its profit slightly in the past year. The operating result before special items amounted to 17.1 billion euros, as the car maker announced on Friday after a meeting of the Supervisory Board. That was around 100… Continue reading Car maker: Volkswagen beats better than its competitors – profit and dividend rise